lafuria1:
The thread is dry.


Let me share my experience on a particular stock that really frustrated me for 2 month plus. Just for humour.

Cheers.

Coolcash1:


I can relate to your story and it shows lack of plan for the trade set up. Also, your entry point was not good else you would not have bothered much about the swing. Another issue I see in your post is that you are yet to define your investing style; day, positional trader or investor. This you need to do as it will help define your AOV, define maximum loss, hodling period, exit strategy, TP signal and holding period.

Good luck.

lafuria1:
The thread is dry.


Let me share my experience on a particular stock that really frustrated me for 2 month plus. Just for humour.

It was during the 1st Q earnings report season back in April 2020. Various stock were listed here on this thread by our oga for interest and asked DD to be carried out. I picked datadog then, it paid out with 20% single day profit, (post earrings) I was feeling badass pro trader, I was so excited, decided to do another due diligence analysis on another stock, I picked ROKU, hmmm, that's when trouble started. Lol.

I was so confident everything will work out. I bought Roku at 134 per share. After earnings report, the stock fell to 120 (10% down) on a single day. wow, I was like this not possible na, for the next 5 days the stock crashed to 100 per share (25% down) I was seeing double (dizzy).

I was humbled. For the next 1 month the stock was a pain in my stock profile, when the overall market is green, the yeye stock will remain in red. Well One day, the stock rose up again and recovered to 134 only for it to crash back to 100 again. For two whole month, I was in red.

See wetin my over Sabi due diligence don cause .

I still kept faith, in the 3rd months, it finally recovered and crossed 134 mark into green, I celebrated o. Within a week, it rose up to 20% green ( feeling like a pro) only for it to crash back to 5% green (arrggghh). I almost gave up but still kept faith because it had good fundamentals and it was a victim of covid 19 on its revenue.

I still have the stock in my profile, I haven't reached my target yet.

Cheers.

ebuka1997:


They apparently plan to introduce low cost bikes which would make it more affordable for low income customers. This is positive.
https://www.google.com/amp/s/www.marketwatch.com/amp/story/peloton-planning-new-higher-end-spin-bike-and-cheaper-version-of-its-treadmill-report-2020-09-04

BLAQBOYFLY:
I have a trading pattern i use when i want to invest in a stock with leverage but the stock might go down especially during a selling period. if you've already opened a long position & see that the stock is trailing down faster than expected,instead of waiting to BUY the DIP you should simply open a SHORT position on the same stock equivalent or greater than your original long position quantity,that way you're not loosing on subsequent downturn but must know when to close said short position to begin the journey long. A lot of people using leverage need to learn how to short a stock,it doesn't always go UP especially when the market is this volatile.

YerYer:


You are right. They announced it yesterday and the stock popped. It's up today as well

BLAQBOYFLY:
I have a trading pattern i use when i want to invest in a stock with leverage but the stock might go down especially during a selling period. if you've already opened a long position & see that the stock is trailing down faster than expected,instead of waiting to BUY the DIP you should simply open a SHORT position on the same stock equivalent or greater than your original long position quantity,that way you're not loosing on subsequent downturn but must know when to close said short position to begin the journey long. A lot of people using leverage need to learn how to short a stock,it doesn't always go UP especially when the market is this volatile.

4Play:


I think Boeing will track airline stocks. I am not investing in airlines or Boeing as I am not convinced how all this will play out. Even if people start flying again, at what capacity do airlines become profitable as it's might not be enough for 80-90% of passengers to return. The airline industry is a low margin business so anything short of full capacity is hardly profitable. These stocks are for people playing short-term bounces and with an appetite for risk.

Bumiite:


Please, I use Trove, there's no way to sell/short a stock there.

Does Chaka or Bamboo allows such?

House please do you know trading platforms that allows shorting/selling of stocks, or even Put options?

Thanks in anticipation

BLAQBOYFLY:
i use 3 brokers: Charles Schwabb,Etoro & trading212. Schwabb is for options & long term hold say 4yrs & i only buy very young companies after doing some serious DD. Etoro is mainly for buying & selling & have had them for years & my trading212 acct is about 3 months old & i use them because they enabled pro account for me which means more leverage for daytrading.

Hedgefunds:



Does etoro or schwab accept reg from nig?

Willie2015:


Etoro accept Nigerians...
Schwab reject reg from Naija..
I use Chaka, Trading212 & Etoro..

Hedgefunds:



Does etoro or schwab accept reg from nig?

BLAQBOYFLY:
i use 3 brokers: Charles Schwabb,Etoro & trading212. Schwabb is for options & long term hold say 4yrs & i only buy very young companies after doing some serious DD. Etoro is mainly for buying & selling & have had them for years & my trading212 acct is about 3 months old & i use them because they enabled pro account for me which means more leverage for daytrading.

Luckymama:

Good morning all. To those using trading212, please are there specific bank that work? Trying to fund my account via gpay but it keeps rejecting my first bank card and GTBank cards. Which card have you found successful?

karferguso:

Are you able to add successfully to Gpay or is it at the point of paying on T212?

Luckymama:


While trying to add to Gpay. It keeps telling me to try another card or correct an error.

Willie2015:


Etoro accept Nigerians...
Schwab reject reg from Naija..
I use Chaka, Trading212 & Etoro..

karferguso:

I didn't encounter such. I was able to add my Zenith bank and GTB dollar card

Hedgefunds:



Am new to googlepay, Pls must the card be USD or i can use naira card which

karferguso:

Are you able to add successfully to Gpay or is it at the point of paying on T212?